WiseTech Global is under fire as the ACCC raids its Sydney offices, probing possible breaches of competition law in its global logistics software business — a move that sent shares plummeting 10%. While details remain hidden, the timing follows Richard White’s exit as executive chair amid separate AFP investigations into alleged visa and financial exploitation claims he denies. The company, already under scrutiny for past regulatory issues including a 2025 share sale probe, has been aggressively acquiring firms like e2open and Blume since 2023. With full-year results due August 26, WiseTech faces mounting pressure as it navigates legal and leadership turbulence.
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